Mike’s Midweek Comment
The saying “A Bull Market climbs a wall of worry” explains why a lot of people are surprised that we continue see higher prices after each pullback in Stocks World Wide and all of the surprises are coming to the upside. Stats Can’s new numbers show the growth is in the West reminding us how important the resource markets are for economic health. Despite average persons income increasing, the average persons purchasing power declined thanks to a rise in inflation.
….also from Michael: The Pattern is Set – Deficit Spending Is Now Normal Practice
BC Joins Alberta in using the carbon tax to raise general revenues, just like any other tax. And in the process dramatically changes the cost/benefit analysis.
….related: Taxes, Taxes, And Even More Taxes
BC’s Government is going to raise taxes on corporations plus and increase in taxes on the “rich”, or those earning $150K +. Thats on top of the Federal Liberals raising the costliest taxes of all on entreprenuers and small business.
….also from Michael: Don’t Change a Thing!
Victor Adair points out that everybody and their dog is negative the US Dollar and the Canadian Dollar jumped a big 5% in a week. In both cases Victor expects those trends to reverse.
….also from Michael: Don’t Change Anything!
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The Pattern is Set – Deficit Spending Is Now Normal Practice
Posted by Michael Campbell
on Thursday, 14 September 2017 16:14
Why aren’t the majority of Canadians bothered by the Trudeau Government’s increased spending and borrowing over what they promised during the election. Problem is, the Canadians that will be paying the accumulated debt are the younger generation, those taxpayers who do not yet seem to be fully aware that it will be them on the hook for the Liberal Government policy of deficit spending, and piling up debt even when times are good and the economy is doing well.
…..also from Michael: BC Using Carbon Tax To Raise Revenue